# PPP loan: FARMRAIL SYSTEM INC.
> **$331K** approved 04/06/2020 · Paid in Full · Loan `6080487005`
## Borrower
- **Name:** FARMRAIL SYSTEM INC.
- **Address:** 1601  WEST GARY BLVD, CLINTON, OK, 73601-3261
- **NAICS:** 482112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $331K
- **Forgiven:** $333K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $331K
- **Jobs reported:** 21
## Lender
- **Originating:** Southwest Bank of Weatherford
- **Servicing:** Southwest Bank of Weatherford (OK)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*